Sam M. Walton College of Business

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1 Sam M. Walton College of Business Office of the Dean of the College 301 Business Building, Dean Eli Jones Assistant Dean for Finance and Administration Jamie K. Loftin Assistant Dean for Undergraduate Programs Karen M. Boston Assistant Dean for Graduate Programs Marion M. Dunagan Undergraduate Programs Office 328 Business Building, Graduate School of Business 475 Walker Hall, World Wide Web MISSION AND OBJECTIVES Vision Statement The Sam M. Walton College of Business is a nationally competitive business school that connects people with organizations and scholarship with practice by combining excellent student learning experiences with quality research serving Arkansas and the world. Core Values Excellence: We strive for excellence in all we do. Professionalism: We believe organizational practices must be built on an ethical foundation and high standards of professional behavior. Innovation: We value creativity, innovation, and entrepreneurial spirit. Collegiality: We believe in working together to examine situations and ideas from diverse perspectives. Mission Statement The Walton College, the flagship business school of the state of Arkansas, has a three-fold mission: Teaching Educate a diverse population of students in bachelor s, master s, and doctoral programs to be tomorrow s business, community, and academic leaders; Research Discover and disseminate knowledge through our research to support excellence and innovation in organizations; and Service Share our business expertise in support of our state, our professions, and the academic community. FACILITIES AND RESOURCES The Walton College offers degree programs for undergraduate students and for graduate students at both the master s and doctoral levels. The Walton College is housed in four modern buildings supporting on-campus programs. These attractive facilities provide technology-equipped classrooms and eight state-of-the-art computer laboratories for both for business classes and individual use. The buildings also house faculty and administrative offices, an honors program study area with computer access, the Walton College Career Center, and large study areas equipped for individual as well as group studying. The library of the college is part of the general University Libraries and is housed in Mullins Library. The business and economics collection comprises approximately 55,000 volumes and makes this library one of the best in the region. Walton College also operates centers for research, outreach, and public service. Information about these centers may be found in the University Centers and Research Units section of this catalog. Walton College centers include the following: Arkansas Household Research Panel Applied Sustainability Center Bessie B. Moore Center for Economic Education Center for Business and Economic Research Center for Management and Executive Education Center for Retailing Excellence Garrison Financial Institute Information Technology Research Center Supply Chain Management Research Center Small Business Development Center DEGREES OFFERED Undergraduate students may pursue curricula leading to one of the following degrees: Bachelor of Science in Business Administration (B.S.B.A), Bachelor of Science in International Business (B.S.I.B.). In each of these degree programs, the pre-business requirements must be completed before students may enroll in upper division business courses. Students in Walton College may pursue an academic minor in business or in the J. William Fulbright College of Arts and Sciences. Walton College also offers business minors for non-business students. Degree programs and minors are outlined on subsequent pages. University of Arkansas, Fayetteville The YOU of A 203

2 MAJORS, CONCENTRATIONS, AND MINORS Majors with Concentrations Accounting Economics Business Economics International Economics and Business Finance Banking Financial Management/Investment Insurance Real Estate Personal Financial Management General Business Information Systems Enterprise Systems IT Applications Management Resource Planning Management Human Resource Management Small Business and Entrepreneurship Organizational Leadership Marketing Retail Supply Chain Management Minors Accounting Business Economics Enterprise Resource Planning Finance Financial Economics Information Systems International Business Management Marketing Retail Supply Chain Management Students may seek either to qualify a job they have found themselves for co-op credit, or they may seek an employment opportunity through the Walton College Career Center, WJWH 226. The employment opportunity may be either a full-time, off-campus work assignment that alternates with semesters spent on campus taking courses (an alternating co-op), or it may be a part-time job undertaken concurrently with course work (a parallel co-op). Once a student has been matched with an approved job, the co-op coordinator, the faculty co-op adviser, the student s work place supervisor, and the student work together to formulate career-related learning objectives for the coming semester of work. These objectives must be in writing and in to the cooperative education coordinator in order for a student to be registered for co-op. At the end of each semester of work, the student is required to submit a three- to ten-page paper (depending on credit hours to be received) that re-states the student s learning objectives for the semester and discusses how the job experience fulfilled the objectives. The student is also required to submit an employer evaluation form, and the work supervisor is asked to submit an evaluation of the student s work. For information on participating in Walton College co-op program, a current listing of co-op opportunities, and phone numbers of people with whom you may discuss these opportunities, visit the Cooperative Education home page on the Web at COLLEGE ADMISSION REQUIREMENTS All students admitted to the University of Arkansas, Fayetteville, are eligible for admission to the Sam M. Walton College of Business. Students will be required to follow the degree program requirements set forth in the catalog corresponding to the student s first semester in Walton College, not the first semester of enrollment at the University of Arkansas. COLLEGE SCHOLARSHIPS High school graduates who expect to enroll in Walton College are encouraged to apply for scholarships made available to freshmen by individuals, business firms, and organizations. Also available to freshmen, regardless of degree program, are freshmen academic scholarships. Current Walton College students may apply for both college and departmental scholarships beginning in January of each year for the following academic year. Information on these financial awards may be secured from the University Scholarship Office and the Walton College Undergraduate Programs Office. OTHER PROGRAMS Cooperative Education Cooperative education (co-op) is an academic program that enables students to gain degree-related experience prior to graduation. It is a planned, progressive educational strategy in which the student obtains work experience related to his or her academic major and career goals. Participating students earn academic credit for their work experiences and are always paid by their employers. Co-op students can maintain their status as full-time students while participating in the program, even if their co-op experience requires they spend a semester working full-time. Walton College students are eligible for co-op credit if they have 1) completed the pre-business core and have obtained at least 60 hours of credit, 2) a cumulative grade-point average of 2.5 or better, and 3) a grade-point average of 2.5 or better for the last full-time term completed. Students may receive one hour of credit per semester for a job that requires hours of work per week or two hours of credit per semester for a job that requires 20 or more hours per week. A maximum of six hours of degree credit may be awarded as a junior- senior-level business elective. Students may not utilize cooperative education credit toward major course requirements unless approved by department chair. Full-time students who work 40 hours or more per week in internships approved by the co-op education academic coordinator are eligible for three hours of academic credit per semester, or per full summer, provided they have a minimum GPA of 2.75, as well as having received a GPA of at least 2.75 in the prior full-time semester. STUDENT ORGANIZATIONS In addition to the general university student organizations, Walton College Student Ambassadors, Study Abroad Ambassadors, Leadership Walton and a Business Dean s Student Advisory Board, there are several college societies open to Walton College students. These include the following: Alpha Kappa Psi (business professional) American Marketing Association Association of Information Technology Professionals Beta Alpha Psi (accounting honorary and professional) Beta Gamma Sigma (business honorary) Economics Club Capital Markets Group (Finance Club) Council of Supply Chain Management Professionals National Association of Black Accountants Omicron Delta Epsilon (economics honorary) Human Resource Management Association S.I.F.E. (Students in Free Enterprise) Transportation and Logistics Association Women in Logistics 204 The YOU of A University of Arkansas, Fayetteville

3 COLLEGE ACADEMIC REGULATIONS Pre-Business Requirements Students pursuing a degree in Walton College are classified as pre-business with an intended major until all pre-business requirements are fulfilled. The following policies apply to the pre-business program: To be eligible to enroll in upper-division business courses in Walton College, a student must complete the Walton College computer competency requirement (WCOB 1120) and maintain at least a 2.50 (on a 4.00 scale) overall grade-point average (GPA) in addition to completing the 36 credit hours listed below of pre-business core courses (or their equivalents), also with at least a 2.50 GPA. Further, a student must complete all courses offered to meet this requirement with a grade of C or better or the requirement for graduation. The pre-business core courses are as follows: COMM 1313 Public Speaking ECON 2013 Principles of Macroeconomics ECON 2023 Principles of Microeconomics MATH 2043 Survey of Calculus MATH 2053 Finite Mathematics WCOB 1111 Freshman Business Connections WCOB 1012 Legal Environment of Business WCOB 1023 Business Foundations WCOB 1033 Data Analysis and Interpretation Students records will be evaluated each semester to determine whether a student should be moved to a major and have pre-business classification removed. After receiving notification that a student has been admitted into his or her major, the student is expected to arrange for a degree check by the Undergraduate Programs Office to ascertain remaining degree requirements. Registration in Junior/Senior-Level Walton College Courses Walton College students must complete the pre-business requirements prior to enrollment in junior- or senior-level courses in Walton College. Non-degree seeking students and students enrolled in other colleges are subject to the same course prerequisites as students within Walton College. Specific exceptions to this policy must be addressed to the associate dean for academic affairs in Walton College or his designee. Restrictions on General Education Electives: Only six hours total of general education electives will be allowed in Physical Education Activity (PEAC) or Dance Education Activity (DEAC) courses. Transfer of Credit Policies In addition to the University policies controlling the granting of credit for course work taken at other institutions, the following policies apply to transfer work applied to any undergraduate business program: 1. Transfer students considering admission to pursue a major in Walton College must have completed the pre-business courses and requirements listed above and have a 2.50 (on a 4.00 scale) cumulative grade-point average in the pre-business courses and in his or her overall grade-point average. Transfer students will be classified as pre-business students until pre-business core requirements have been completed. 2. A pre-business and overall grade-point average for courses accepted for transfer by the University of Arkansas will be calculated and used to evaluate the completion of the pre-business requirements by students transferring courses from other institutions. 3. Unless exceptions are granted at the time of admission to the University of Arkansas, transfer courses accepted by the University will not be accepted by Walton College for degree purposes unless a grade of C or better has been earned in each of these courses. (See the Academic Regulations chapter.) 4. A transferred course cannot carry more degree hours than are available in a similar University of Arkansas course. For example, a four-hour principles of economics course transfers as three degree hours. 5. Business courses completed at the freshman or sophomore level at another institution will not count as equivalents of junior- or senior-level courses offered in Walton College (University of Arkansas), and no transfer credit shall be granted for any such course(s) in Walton College. 6. All upper division courses within a student s major and Business Strategy and Planning (WCOB 3016) must be taken in residence at the University of Arkansas, Fayetteville. 7. Junior- or senior-level core courses in business and economics may be transferred from a school accredited by AACSB International. 8. Junior- or senior-level core courses taken at a non-aacsb Internationalaccredited, four-year institution must either be repeated or validated by procedures specified and approved by the assistant dean for undergraduate programs. 9. Junior- or senior-level electives in business and economics taken at a non- AACSB International-accredited, four-year institution may be accepted in transfer as junior/senior business electives. 10. Junior- or senior-level courses in business taken by correspondence at AACSB International or non-aacsb International institutions may not be accepted and transferred for degree credit unless the course is approved by the student s department chair and the associate dean. 11. If a student takes courses with different names but with similar content at different institutions or in different colleges within the University of Arkansas, degree credit will be allowed for only one of the courses, for example, principles of economics and agricultural economics. 12. Courses taken at any higher education institution where the course content is remedial are not acceptable for degree credit. 13. The student should be prepared to submit course descriptions, syllabi, or other course-related information for transfer course work if there is any question as to whether Walton College will grant degree credit for such work. 14. Exceptions: All requests for, exceptions to, and variations from the rules, regulations, and requirements of Walton College and the university should be made in writing to the assistant dean for undergraduate programs of Walton College. Consult the Undergraduate Programs Office in Walton College for these requests. Course Loads The normal course load in Walton College is 15 to 17 hours per semester (and six hours per summer term). Students with a 2.75 grade-point average the previous semester may take a maximum of 18 hours. Seniors may take 18 to 19 hours, if required for graduation, during their final semester. Students on academic warning are limited to a maximum course load of 12 hours. University regulations on the number of hours allowed per semester are found in the Orientation and Registration section of this catalog. Foreign Language Concentration An undergraduate B.S.B.A. degree-seeking student may elect to substitute 12 hours in a single upper-level foreign language for 12 to 15 of the hours required in the junior-senior business elective block of courses for the degree requirements. Double Major A student may elect to obtain a double major by completing all required courses for two majors in Walton College (but not in two concentrations within a single major). The minimum hour requirement for a double major is 138 degree credit hours to include all requirements for both majors. If there are courses common to both majors, the department chairs involved will agree upon and specify additional requirements in lieu of the common courses. The junior/senior business elective block is reduced by three hours; however, choice of the junior/senior business electives is restricted to no more than three total hours from each department that offers the two majors. Students who have elected to substitute a foreign language course of study for junior/senior business electives must complete 12 hours of junior/senior language courses. The student must notify the Undergraduate Programs Office in Walton Col- University of Arkansas, Fayetteville The YOU of A 205

4 lege of intent to pursue a double major. All requirements for double majors must be completed prior to awarding of a degree. Business Minors Students may elect to obtain a business major and a business minor by completing all required courses for both the major and the minor in the Walton College (but not a major and minor within the same discipline). Students must complete all requirements for both the major and the minor and may not use more than six hours of major courses toward minor requirements. However, if there are common courses to both, the department chairs involved will agree upon and specify additional requirements. Additional Bachelor s Degrees Students seeking a second bachelor s degree must contact the Undergraduate Programs Office to ascertain specific requirements. Degree candidates must meet the university s general graduation requirements. The university requires that 1) the student take a minimum of 30 semester hours over the requirements for the first degree, and 2) the 30 hours cover a minimum of 36 weeks in residency at the Fayetteville campus. Walton College also requires that the student complete all courses in the pre-business and business core and the major and any additional business requirements (if some of these have been completed on the first degree, they are waived). It is recommended that any additional courses needed to finish the University s 30-hour requirement be junior or senior business electives. The second degree may be taken after the first is awarded, or both degrees may be awarded simultaneously after completion of all requirements for both. College Graduation Requirements 1. University Requirements. Degree candidates must meet the following: the University s general entrance requirements, number of credit hours required in residence, and the requirements for graduation, including the University Core American history. 2. Hour Requirements. Degree candidates must satisfactorily complete the total number of semester hours specified for the curriculum in courses approved for one of the majors outlined in the succeeding pages. No less than 50 percent of the total credits must be in approved subjects other than business. NOTE: Not all courses offered by the University will be accepted for degree credit by Walton College. Courses falling into this category are ANTH 0003, PHSC 0003, ARSC 0013, ENGL 0003, and MATH Developmental courses are defined as 1) any course so designated by the university, and 2) any lower-division course taken after a higher-level course is taken. Credit will not be given for duplicate course work. 3. Grade Requirements. Students must earn a grade of C or better in all pre-business core course requirements. Each student must have a 2.00 cumulative GPA in each of the following areas: a. All work completed at the University of Arkansas. b. All courses specifically designated for the major. c. All required business core courses and required economics courses. 4. General Education Course Work. A student s general education course work must satisfy University Core Requirements, additional college/program course-specific requirements, as well as these two area requirements: a. Social Issues, Multicultural Environment, and Demographic Diversity, and b. Micro and Macroeconomics. If a student has not satisfied these area requirements within the fine arts and/or social sciences areas of the university core, these area requirements must be satisfied through general education electives to allow students to complete degree requirements within the hours indicated above. Courses that satisfy these area requirements are listed below. NOTE that many of these courses will also satisfy University Core Requirements. Where possible, a student should select courses that satisfy both requirements. a. Social Issues, Multicultural Environment, and Demographic Diversity ANTH 1023 Intro. to Cultural Anthropology (Univ. core) SOCI 2013 General Sociology (Univ. core) SOCI 2033 Social Problems (Univ. core) HIST 1113 Institutions and Ideas of World Civilization (Univ. core) HIST 1123 Institutions and Ideas of World Civilization II (Univ. core) GEOG 1123 Human Geography (Univ. core) Any Foreign Language (Univ. core, if 2000-level or above, general education elective otherwise) b. Micro/Macro Economics ECON 2013 Principles of Macroeconomics (business core) ECON 2023 Principles of Microeconomics (business core) 5. Enrollment Requirement: Students must earn a minimum of 30 semester hours on the Fayetteville campus this includes study abroad classes, on-line and Global Campus courses. Other courses paid toward Fayetteville campus tuition and fees may be used with the approval of the student s Dean s Office. These 30 semester hours must include WCOB 3016 and 24 hours of upper division courses required for the completion of the major and/or degree program. 6. Correspondence Course Rules. No more than 18 hours of course work taken by correspondence may apply toward a degree. These 18 hours may not include more than 12 hours of courses in economics or business. 7. Catalog/Curriculum Changes. Business is a dynamic profession, and the college and department curricula are updated continuously to keep pace with changes in the business world. Students entering under this catalog will be required to comply with such curricular changes to earn their degree. The total number of hours required for the degree, however, may not be increased, and all work completed in accordance with this catalog prior to the curriculum change will be applied toward the student s degree requirements. Furthermore, courses incorporated into the curriculum at a level lower than the one the student has completed are not required for that student unless there are specific prerequisites. Students entering under earlier catalogs are responsible for completing the graduation requirements as published in the catalog in effect when they entered the program. Students having interruptions of their academic programs that exceed two calendar years must complete the requirements published in the catalog in effect when they re-enter the program. Exceptions to the graduation requirements must be approved by the senior associate dean for academic programs and research or his designee and the appropriate department chair. Graduation with Honors The bachelor s degree Summa Cum Laude (with highest honors), Magna Cum Laude (with high honors), or Cum Laude (with honors) may be conferred only upon those students who have successfully completed the Walton College Honors Program. Both Walton Scholars and Departmental Scholars are eligible for these designations. Students whose cumulative grade-point average place them in the top 10 percent of their graduating class but who have not completed the Honors Program are eligible for the designation With Distinction on their official transcript. Among those students completing the Honors Program, the designations Summa Cum Laude, Magna Cum Laude and Cum Laude shall be determined as follows: Top 20 percent of students completing the Honors Program: Summa Cum Laude Next 30 percent of students completing the Honors Program: Magna Cum Laude Next 50 percent of students completing the Honors Program: Cum Laude No honors degree will be conferred upon a candidate who has not completed at least 50 percent of his or her degree work at the University of Arkansas or who, in the last four semesters of attendance, has a cumulative grade-point average of less than 3.00 or has received a D or F in any course in the last semester. Certain other requirements will be outlined on request by the dean of the College. 206 The YOU of A University of Arkansas, Fayetteville

5 EIGHT-SEMESTER DEGREE PROGRAM POLICY The Walton College offers an eight-semester degree-completion program. In each of the majors listed in this chapter, at least one eight-semester schedule is shown. Some majors offer several concentrations, and eight-semester programs are available for each of the concentrations in Section Two of the Catalog of Studies, online at See also page 42 in the Academic Regulations chapter for information about the University s degree-completion program. HONORS PROGRAM Walton College honors program consists of two components: the four-year Walton Scholars Program and the Departmental Scholars Program. Students participating in the honors program will be eligible to graduate Cum Laude, Magna Cum Laude, or Summa Cum Laude. Students who do not participate in the honors program are eligible to graduate with distinction, a classification separate from the Cum Laude awards. Honors program students will receive priority for participation in the Arkansas Cooperative Education Program, SAKE, the portfolio management class, and financial support for study-abroad programs. They also have access to an honors study area. Eligibility for the Honors Program Admission will be offered to incoming freshmen with a minimum ACT/SAT score of 28/1240 or higher and a high school GPA of Honors students are required to maintain a cumulative GPA of 3.50 with no grades of D or F in any course to remain in the program. All honors students are re-quired to meet with the Assistant Director for Honors Programs each semester to monitor progress of honors requirements. Students who maintain a GPA of 3.50 but do not complete honors requirements in a timely manner are subject to removal from the Honors Program at the discretion of the Director of the Honors Program. Requirements for Walton Scholars Program: 1. Complete 17 hours in honors courses with a minimum of 8 hours completed from the following honors business courses ECON 2013H, 2023H, WCOB 1012H, 1023H, 1033H, 2013H, or 2033H (excluding WCOB 1111H). The remaining honors hours may be selected from the University Core. MATH 2564 may be used as honors credit towards completion of the 17 required honors hours. Students must complete a minimum of 12 honors hours within the first 30 hours at the Fayetteville campus. 2. Demonstrate proficiency in a foreign language. This requires 0 to 12 hours of course work. Students may demonstrate proficiency by completing the 2013-level course in any foreign language. Students whose native language is not English must complete a 2013-level course other than their native language from Arabic, Chinese, French, German, Italian, Japanese, or Spanish or COMM 2303 and Students must complete a foreign language or communications course within the first 90 hours at the Fayetteville campus. 3. Students must also complete MATH 2554 with a grade of C within the first 45 hours at the Fayetteville campus prior to taking upper level business classes. 4. Complete the following honors courses in Walton College: a.two three-hour colloquium courses chosen from the following: WCOB 3003H (may be repeated for up to 6 hours of credit) ACCT 4003H, ECON 4003H, FINN 4003H, MGMT 4003H, ISYS 4003H, MKTG 4003H, SPCM 4003H or other business honors colloquium courses offered irregularly. One three-hour colloquium must be completed within the first 90 hours at the Fayetteville campus. b. A three-hour thesis (WCOB 4993H): The thesis is a major independent writing project under the leadership of a Walton College or University of Arkansas faculty member and arises from a research project, business plan, business competition, or internship. 4. Complete an alternate honors capstone course WCOB 3016H, Business Strategy and Planning, which should be completed within the first 90 hours at the Fayetteville campus. Requirements for the Departmental Scholars program: Admission to the Honors Program as a departmental scholar will only be offered to current University of Arkansas students who have established a cumulative GPA of 3.75 upon completion of their freshmen year at the University of Arkansas. Transfer students may also apply upon completion of one semester at the University of Arkansas with a GPA of All students must complete an application to be considered for acceptance into the departmental scholars program. Honors students are required to maintain a cumulative GPA of 3.50 with no grades of D or F in any course to remain in the program. All honors students are required to meet with the Assistant Director for Honors Programs each semester to monitor progress of honors requirements. Students who maintain a GPA of 3.50 but do not complete honors requirements in a timely manner are subject to removal from the Honors Program at the discretion of the Director of the Honors Program. 1. Complete nine hours of honors courses to be selected from pre-business core or University Core. MATH 2564 may be used as honors credit towards completion of the 9 required honors hours. 2. Students must demonstrate proficiency in a foreign language by completing a 2003 course in any foreign language. Students whose native language is not English must complete a 2003-level course other than their native language or a third language from Arabic, Chinese, French, German, Italian, Japanese, or Spanish or COMM Students must also complete MATH 2554 with a grade of C or better within the first 60 hours at the Fayetteville campus and prior to taking upper level business courses. 4. Complete the following courses in Walton College:: a. Two three-hour colloquium courses chosen from the following: WCOB 3003H (May be repeated for up to 6 hours of credit) ACCT 4003H, ECON 4003H, FINN 4003H, MGMT 4003H, ISYS 4003H, MKTG 4003H, SPCM 4003H or other business honors colloquium courses offered irregularly. One three hour honors colloquium must be completed within the first 90 hours at the Fayetteville campus. b. A three-hour thesis (WCOB 4993H): The thesis is a major independent writing project under the leadership of a Walton College or University of Arkansas faculty member and arises from a research project, business plan, business competition, or internship. DEGREE REQUIREMENTS Bachelor of Science in Business Administration (B.S.B.A.) The Bachelor of Science in Business Administration degree is offered through an educational program in the business and organizational disciplines intended to prepare individuals to make sustained contributions to organizations and society in a global, diverse, and dynamic environment. To achieve this objective the curriculum focuses on developing an individual s interdisciplinary problem-solving skills, interpersonal and communication skills, ability to adapt to changing technology, spirit of entrepreneurial innovation, and ethical and professional values. Walton College offers work in the following eight majors for the B.S.B.A. degree. Some majors have concentrations to allow additional specialization. 1. Accounting (ACCT) 2. Business Economics (BECO) a. Concentration I Business Economics b. Concentration II International Economics and Business 3. Finance (FINN) a. Concentration I Banking b. Concentration II Financial Management/Investment c. Concentration III Insurance d. Concentration IV Real Estate e. Concentration V Personal Financial Management 4. General Business (GBUS) 5. Information Systems (ISYS) University of Arkansas, Fayetteville The YOU of A 207

6 a. Concentration I Enterprise Resource Planning b. Concentration II Enterprise Systems c. Concentration III IT Applications Management 6. Management (MGMT) a. Concentration I Human Resource Management b. Concentration II Small Business and Entrepreneurship c. Concentration III Organizational Leadership 7. Marketing (MKTG) 8. Retail (RETL) 9. Supply Chain Managemetn (SPCM) Requirements for B.S.B.A. Degree Students pursuing a degree in Walton College are classified as pre-business with an intended major until all pre-business requirements are fulfilled. To enroll in upper-division courses, a student must obtain at least a 2.50 (on a 4.00 scale) overall grade-point average in addition to the completion of all pre-business core courses (or equivalents), also with a minimum 2.50 GPA. Further, a student must earn a grade of C or better in each pre-business core course for admission into the major or for the graduation requirement. Hours A. University Core Requirements 35 English Composition (two courses) 6 Finite Mathematics** 3 American History or Government 3 Laboratory Science (two courses with labs) 8 Social Science (three courses) 9 Fine Arts & Humanities (two courses) 6 B. Additional Requirements for Business Students 9 Public Speaking* 3 Survey of Calculus* 3 Business Social Science (one of the following) 3 PSYC 2003 General Psychology PSYC 3013 Social Psychology PSYC 3023 Abnormal Psychology PSYC 3103 Cognitive Psychology PSYC 4063 Psychology of Personality PSYC 4073 Psychology of Learning PSYC 4123 Perception SOCI 2013 General Sociology SOCI 3223 Social Psychology SOCI 3303 Social Data and Analysis SOCI 4063 Organizations in Society PLSC 2003 American National Government PLSC 3103 Public Administration PLSC 3243 The Judicial Process PLSC 3803 International Organization PLSC/SOCI 4053 Political Sociology C. Business Core Courses 33 Lower-Division Requirements 27 WCOB 1120 Computer Competency Requirement* WCOB 1111 Freshman Business Connections* 1 WCOB 1012 Legal Environment of Business* 2 WCOB 1023 Business Foundations* 3 WCOB 1033 Data Analysis and Interpretation* 3 ECON 2013 Principles of Macroeconomics* 3 ECON 2023 Principles of Microeconomics* 3 * 3 WCOB 2023 Prod. and Delivery of Goods and Services* 3 * 3 * 3 Upper-Division Requirement 6 WCOB 3016 Business Strategy and Planning 6 D. Major Requirements 24 E. Business Electives 15 F. General Education Electives 16 (A total of 16 hours of general education electives are required for the Bachelor of Science in Business Administration (B.S.B.A.). General education electives must be non-business courses and may include no more than six hours of PEAC or DEAC courses. Students may utilize general education electives to complete a minor outside the Walton College. In addition, these electives may fulfill requirements for Social Issues, Multicultural Environment, and Demographic Diversity if not otherwise completed in the Business Social Science requirement or by completing University Core). TOTAL REQUIRED FOR B.S.B.A. DEGREE 126 (Total is less than the sum of the categories because some courses count in two categories.) *Pre-Business requirement: These 36 hours must be completed with a GPA of 2.50, an overall GPA of 2.5, and a grade of C or better in each course before a student is allowed to take upper-division business courses. In addition to the core courses, each student will complete the required major courses, junior- senior-level business electives, and electives specified by each major. Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this university, all courses specifically designated for the major, and all required Walton College core and economics courses. Students must earn a grade of C or better in each of the pre-business core courses. Bachelor of Science in International Business Degree (B.S.I.B.) The Bachelor of Science in International Business degree is intended for students who wish to learn more about the international aspects of business. It provides preparation for a broad range of careers in business, including accounting, management, marketing, economics, information systems, finance, and transportation and logistics. This degree is also well suited for students wishing to continue their studies in law, international affairs, or graduate education in business and economics. This degree requires completion of the University Core and Walton College Core courses, as well as course work in international business, a single foreign language and an area of study related to that language. In addition, students must select a concentration in one of the following areas: accounting, business economics, information systems, finance, general business, management, marketing, or transportation and logistics. Students pursuing a degree in the Sam M. Walton College of Business are classified as pre-business with an intended concentration until all pre-business requirements are fulfilled. For admission into the intended concentration, a student must obtain at least a 2.50 (on a 4.00 scale) overall grade-point average, in addition to the completion of all pre-business core courses listed elsewhere in the catalog (or equivalents), also with a minimum 2.50 grade-point average. Further, a student must earn a grade of C or better in each of the pre-business core courses for admission into the major or for the graduation requirement. Graduation Requirements for the B.S.I.B. Degree Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this university, all courses in the business core, and all designated international business courses/functional concentration/foreign language courses. In addition, students must earn a grade of C or better in each of the pre-business core courses. Course Requirements for the B.S.I.B. Degree Hours A. University Core Requirements 35 See description and listing of the university core for the B.S.B.A. degree. B. Additional Requirements for Business Students 9 Public Speaking* 3 Survey of Calculus* The YOU of A University of Arkansas, Fayetteville

8 Chinese CHIN 2003, CHIN 2013, CHIN 3033, and any other upper division CHIN French FREN 2003, FREN 2013, FREN 4333, FREN 3033 or FREN 3003 German GERM 2003, GERM 2013, GERM 3003, and GERM 4333 Italian ITAL 2003, ITAL 2013, ITAL 3003, and ITAL 3013 Japanese JAPN 2003, JAPN 2013, JAPN 3003, and JAPN 3013 Spanish SPAN 2003, SPAN 2013, SPAN 3003, and SPAN 4333 Students whose native language is not English but is taught at the University of Arkansas must select a third language from the list above or substitute six hours of upper-division English language courses (i.e., speech, writing, or U.S. literature), to be selected with the consent of an adviser and department chair. Those students whose native language is not taught at the University of Arkansas will normally be required to select a third language. G. Area Studies Requirements 9 For students taking a foreign language, nine hours of upper-division course work in the J. William Fulbright College of Arts and Sciences are required. Domestic students can satisfy this requirement in one of three ways: 1) any upper division foreign language course, 2) minor in a foreign language, and/or 3) select upper division courses related to the foreign language to include: Arabic any upper division course for Middle Eastern Studies (MEST) to include MEST 4003, 4003H or additional courses listed under MEST in the university catalog Chinese/Japanese/Asian Studies any upper division course for Asian Studies (AIST) French any upper division course for EUST German any upper division course for EUST Italian any upper division course for EUST Spanish any upper division course for Latin American Studies (LAST) or European Studies (EUST) to include LAST 4003, LAST 4003H, or LAST 470V or additional courses listed under LAST in the university catalog, or EUST 399VH, EUST 4003, EUST 4003H, EUST 470V, or EUST 470VH or additional courses listed under EUST in the university catalog. International students may satisfy this requirement in one of two ways: 1) For students who choose to take a third language, area studies requirements are the same as those for domestic students. 2) For students who choose to take six hours of upper division English to satisfy their language requirement, nine hours of upper division course work in the J. William Fulbright College of Arts and Sciences pertaining to the United States to include any upper division course for American Studies (AMST) listed in the University catalog. H. International Experience Requirement At a minimum, a domestic student must complete a study abroad program approved by the Walton College of at least four weeks and six credit hours, or work abroad, or work with the international division of a domestic company as part of their program. Students are strongly encouraged, but not required, to seek job experience in a company located in a country related to their foreign language requirement. Total Degree Requirements 125 (Total is more than the sum of the categories because some courses count for multiple requirements.) Clarifying Notes on Degree Requirements 1. Courses that are required in either Walton College or the international business core and also are required in one of the business concentrations cannot be used to satisfy both requirements. For example, students who take FINN 3703 to satisfy the finance concentration requirements cannot also use it to satisfy the international business requirements. 2. Students who select ECON 2013 and ECON 2023 to partially satisfy the social science bloc and a foreign language numbered 2003 to partially satisfy the fine arts and humanities bloc of the University Core Requirements can complete the degree with 125 hours. Students selecting other courses to satisfy these requirements will have longer programs. Bachelor of Science in International Business Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see page 42 in the Academic Regulations chapter for university requirements of the program. The International Business degree program has eight concentrations: Accounting Business Economics Finance General Business Information Systems Management Marketing Supply Chain Management The first four semesters of each of concentration are exactly the same and are listed immediately below. The final four semesters of each concentration follow after that. In addition to the coursework below, students must complete an International Experience Requirement. Courses in BOLD must be taken in the semester designated. Courses in ITALICS may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations noted below are preferred. B.S.I.B. First Four Semesters 3 Intermediate Foreign Language I (2003-level) 3 ENGL 1023 Composition II University Core 3 Intermediate Foreign Language II (2013 level) 3 ECON 2013 Macroeconomics ** - University Core 6 Select TWO of the following: **** 3 Upper division foreign language course 18 Semester Hours or ACCT 2013 Accounting Principles (for Accounting concentration) 3 Upper division foreign language course 210 The YOU of A University of Arkansas, Fayetteville

10 3 ISYS elective 125 Total Hours B.S.I.B. Management Final Four Semesters 3 MGMT 4243 Ethics and Corporate Responsibility 3 MGMT elective 3 MGMT 4583 International Management 3 ECON 4633 International Trade see page 210 in catalog 3 MGMT elective 3 ECON 4643 International Macroeconomics and Finance 3 MGMT elective 125 Total Hours B.S.I.B. Marketing Final Four Semesters 3 MKTG 3433 Introduction to Marketing Strategy (Jr Sr Business elective) 3 MKTG 3633 Marketing Research 3 MKTG 3553 Consumer Behavior 3 ECON 4633 International Trade see page 210 in catalog 3 MKTG 4633 Global Marketing 3 ECON 4643 International Macroeconomics and Finance 3 MKTG 4853 Marketing Management 3 MKTG elective s 125 Total Hours B.S.I.B. Supply Chain Management Final Four Semesters 3 SPCM 3613 Business Logistics 3 SPCM 3443 Principles of Transportation 3 SPCM 3643 International Transportation and Logistics 3 ECON 4633 International Trade see page 210 in catalog 3 SPCM elective 3 ECON 4643 International Macroeconomics and Finance 3 SPCM elective 125 Total Hours *** No more than 9 hours of junior senior business electives can be taken in a single academic area **** Accounting majors should take fall semester of sophomore year International Business Minor for Business Students The Walton College offers a minor for students desiring more knowledge in international programs to assist them with their business careers. The minor requires completion of 21 required hours of study (including equivalencies). The 21 hours include the following courses: Select 15 hours from the following: ECON 3843 Economic Development, World Bank, and Multilateral Finance ECON 3853 Emerging Markets ECON 3933 The Japanese Economic System ECON 4633 International Trade ECON 4643 International Macroeconomics and Finance ECON 468V International Economics and Business Seminar FINN 3703 International Finance MGMT 4583 International Management MKTG 4633 Global Marketing SPCM 3643 International Transportation and Logistics 3 hours of Study Abroad led by Walton College faculty Other Department Chair Approval Needed Students must also complete 6 hours of intermediate foreign language. Students whose native language is English or whose native language is not taught at the University of Arkansas must complete six hours of university course work in a single foreign language. Students who, on the basis of prior knowledge of language, omit one or both courses in the intermediate language sequence at 2003 and 2013 level may receive degree credit for omitted courses if they validate their higher placement by passing the business language course (or equivalent) with a grade of C or above. Students with no previous foreign language training or only rudimentary knowledge of a foreign language will be required to complete up to six hours of elementary foreign language. Students whose native language is not English but is taught at the University of Arkansas must select a third language from the list below, or substitute six hours of upper-division English language courses (i.e., speech, writing, or U.S. literature), to be selected with the consent of the department chair. Those students whose native language is not taught at the University of Arkansas will normally be required to select a third language. Students may select from one of the following language tracks: Arabic 2016 Chinese CHIN 2003, CHIN 2013 French FREN 2003, FREN 2013 (or FREN 2013H) 212 The YOU of A University of Arkansas, Fayetteville

11 German GERM 2003, GERM 2013 Italian ITAL 2003, ITAL 2013 Japanese JAPN 2003, JAPN 2013 (or JAPN 2013H) Russian RUSS 2003, RUSS 2013 Spanish SPAN 2003, SPAN 2013 (or SPAN 2013H) Swahili SWAH 2003, SWAH 2013 Students who desire to earn an International Business minor must notify the Walton College Undergraduate Programs Office of their intent to pursue a minor. All requirements for the minor must be completed prior to the awarding of the student s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All upper level minor requirements must be taken in residence. Minors in the J. William Fulbright College of Arts and Sciences Students in Walton College may pursue an academic minor in the J. William Fulbright College of Arts and Sciences. Academic minors usually consist of 15 to 18 hours of course work. The available minors and course requirements are specified in the Fulbright College section of this catalog. Students must notify the Undergraduate Programs Office in Walton College of their intention to pursue a minor as early as possible. Walton College will certify that the requirements of the minor have been satisfied by graduation and, with the assistance of the Fulbright College, will advise students on the requirements to complete a minor. The minor will be designated on the student s transcript. Courses that are part of the University Core Requirements or the additional General Education Requirements or any other non-business course that is part of a student s course of study may also be counted for credit in a minor. For example, ANTH 1023 Introduction to Cultural Anthropology, is a concentration in the B.S.B.A. social science block and can also be used to satisfy the requirements of the anthropology minor. Other courses in a minor can be counted as general education electives. Walton College economics majors in the business economics concentration or the international economics and business concentration may not obtain a Fulbright College minor in economics. Business Administration Minors for Non-Business Students To facilitate students outside Walton College in obtaining knowledge that will assist them in making sustained contributions to organizations and society in a global, diverse, and dynamic environment, the Walton College offers a business minor. The minor requires completion of 20 to 21 required hours of study (including equivalencies) with at least 50 percent of the courses applied toward the minor taken in residence. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All upper level minor requirements must be taken in residence. All students seeking a business minor are required to complete the Walton College computer competency requirement (WCOB 1120) and the following courses: ECON 2143 Basic Economics Theory and Practice WCOB 1023 Business Foundations WCOB 1033 Data Analysis and Interpretation or equivalent In addition, students must select and complete one of the following concentrations: Concentration 1 General Business Select 12 hours from the following courses (at least 6 hours must be at the 3000 or 4000 level). WCOB 1012 Legal Environment of Business Plus any other or 4000-level Walton College course Concentration 2 Accounting ACCT 2013 Accounting Principles ACCT 3613 Managerial Uses of Accounting Info ACCT 3723 Intermediate Accounting I Plus an additional three hours selected from the following: ACCT 3533 Accounting Technology ACCT 3843 Fundamentals of Taxation Concentration 3 Business Economics ECON 4333 Economics of Organizations Plus an additional nine hours of or 4000-level business economics courses. Concentration 4 Enterprise Resource Planning WCOB 4213 ERP Fundamentals Plus an additional three hours from the following: ISYS 4233 Seminar in ERP Development ISYS 4293 Business Intelligence WCOB 4223 ERP Configuration and Implementation Concentration 5 Enterprise Systems ISYS 4453 Introduction for Enterprise Servers ISYS 4463 Enterprise Transaction Systems Plus an additional six hours from the following: ISYS 4233 Seminar in ERP Development ISYS 4293 Business Intelligence WCOB 4213 ERP Fundamentals WCOB 4223 ERP Configuration and Implementation Concentration 6 Finance Plus an additional nine hours of level finance courses Concentration 7 Information Systems ISYS 3293 System Analysis and Design ISYS 3393 Business Applications and Development Fundamentals Plus an additional three hours from the following: WCOB 4213 ERP Fundamentals WCOB 4223 Configuration and Implementation One 3-hour 4000 level ISYS course Concentration 8 International Business Select 12 hours from the following: ECON 3843 Economic Development, World Bank, and Multilateral Finance ECON 3853 Emerging Markets ECON 3933 The Japanese Economic System ECON 4633 International Trade ECON 4643 International Macroeconomics and Finance ECON 468V International Economics and Business Seminar FINN 3703 International Finance MGMT 4583 International Management MKTG 4633 Global Marketing SPCM 3643 International Transportation and Logistics Concentration 9 Management MGMT 4243 Ethics and Corporate Responsibility Plus an additional nine hours of 3000/4000 level management courses (may include WCOB 2033, Acquiring and Managing Human Capital OR MGMT 3563, Organizational Behavior) Concentration 10 Marketing MKTG 3433 Introduction to Marketing Strategy Plus an additional nine hours selected from the following: MKTG 3553 Consumer Behavior MKTG 3633 Marketing Research MKTG 4233 Integrated Marketing Communications MKTG 4343 Selling and Sales Management MKTG 4633 Global Marketing MKTG 4433 Retail Strategy MKTG 4443 Retail Buying and Merchandise SPCM 3613 Business Logistics Concentration 11 Retail MKTG 3433 Introduction to Marketing Strategy MKTG 3553 Consumer Behavior MKTG 4433 Retail Strategy MKTG 4443 Retail Buying and Merchandise Concentration 12 Supply Chain Management SPCM 3443 Principles of Transportation University of Arkansas, Fayetteville The YOU of A 213

12 SPCM 3613 Business Logistics Plus an additional six hours selected from the following: SPCM 3623 Purchasing and Inventory Systems SPCM 3643 International Transportation and Logistics SPCM 4633 Transportation Carrier Management SPCM 4653 Transportation and Logistics Strategy In addition to the above course requirements, non-business, degree-seeking students working toward a minor should note the following: 1. Students who elect to obtain a business minor must provide written notice of their intent to the dean s office of the college in which they are receiving a degree. This notice and all requirements for the business minor must be completed prior to the awarding of the student s undergraduate degree. 2. Business minor students must complete all and 2000-level courses required for the business minor and be a junior- or senior-level student to enroll in or 4000-level business courses. 3. All specific course prerequisites must be met. Although business minor students are not required to satisfy the entire pre-business core, they must complete the required courses and any other prerequisite course specified prior to enrolling in a 3000/4000-level course. 4. Business minor students may complete multiple minors with the exception of General Business and an additional area of business study. Students may not use more than three hours of minor courses toward additional minor requirements. 5. ECON 2143 will substitute for ECON 2013/2023 for prerequisite purposes. In addition, students who take both ECON 2013 (Macroeconomics) and ECON 2023 (Microeconomics) will satisfy the economics requirements of the minor. 6. Business minor students are ineligible to take WCOB 3016 Business Strategy and Planning. 7. All equivalencies must be approved by the assistant dean for undergraduate programs. GRADUATE STUDIES The University of Arkansas offers the following advanced degrees in business: Master of Accountancy, Master of Business Administration, Master of Arts in Economics, Master of Information Systems, Doctor of Philosophy in Business Administration, and Doctor of Philosophy in Economics. For further information about these programs and requirements for admission, see the Graduate School Catalog or write to the assistant director of marketing and recruiting, Graduate School of Business, 475 WJWH. ACCREDITATIONS The college has been a member of and accredited by AACSB International-The Association to Advance Collegiate Schools of Business since The accounting program was accredited separately in 1986 at both the bachelor s and master s level. The master s degree in the business administration program was approved in Accreditation by and membership in AACSB signifies commitment by the college to the goals of promoting and actualizing the highest standards of business education. ACCOUNTING (ACCT) Vernon Richardson Department Chair, 401 WCOB, FACULTY Walter B. Cole Chair in Accounting and Professor Bouwman Ralph McQueen Chair in Accounting and Professor Myers (J.) Garrison/Wilson Chair in Accounting and Professor Myers (L.) Nolan E. Williams Lecturer and Professor Norwood Doris M. Cook Chair in Accounting and Professor Peters Doyle Z. and Maynette Derr Williams Chair in Professional Accounting and Professor Pincus S. Robson Walton Chair in Accounting and Professor Richardson Associate Professor Sanchez (J.M.) BKD Lectureship in Accounting and Clinical Professor Leflar Assistant Professors Cassell, Chi, Cooper, Huang, Henderson, Keskek Instructors Greenhaw, Reid The mission of the department of accounting is to cultivate an environment of educational excellence. We do so by pursuing the following endeavors: Providing a learning environment in which students interact with others to identify and solve accounting and business problems. Developing and disseminating knowledge that has the potential for significant impact on accounting, business, and education. Interacting with the accounting profession, the business and academic communities, and the community at large. The department of accounting offers an undergraduate degree program in accounting and graduate programs at both the master s and doctoral levels. The department s programs are accredited by the AACSB The International Association for Management Education, which ensures quality and promotes excellence and continuous improvement in undergraduate and graduate education. In addition, the accounting department offers courses in Business Law. The objective of the B.S.B.A. accounting curriculum is to provide students with a broad overall education, solid grounding in the common body of knowledge of business administration, and exposure to accounting in sufficient depth to help them achieve entrylevel competence for pursuit of a career in industry. The department also offers a five-year integrated program approach to receive the Master of Accountancy degree, which leads to the simultaneous award of the B.S.B.A. and the Master of Accountancy degrees. The integrated program is designed for students who wish to concentrate in accounting and obtain education in an accounting specialization. The objective of the integrated program is to provide students with advanced knowledge of accounting and business topics in order to obtain an accelerated position in accounting or help them launch a career in public accounting. Those students who are not accepted into the integrated program or choose not to enroll in the integrated program will be allowed to graduate with a B.S.B.A. upon successful completion of the B.S.B.A. degree requirements and Accounting Major Requirements detailed below. Accounting Major Requirements Hours Complete the requirements for a B.S.B.A. degree as listed on page 203. Total General Education 60 Walton College Core Requirements (See page 206) 33 Course Requirements in the Major 27 ACCT 2013 Accounting Principles 3 ACCT 3533 Accounting Technology 3 ACCT 3613 Managerial Uses of Accounting Information 3 ACCT 3723 Intermediate Accounting I 3 ACCT 3753 Intermediate Accounting II 3 ACCT 3843 Fundamentals of Taxation 3 ACCT 4673 Product, Project and Service Costing The YOU of A University of Arkansas, Fayetteville

13 ACCT 4963 Audit and Assurance Services 3 Choose a total of three hours from any of the following courses: 3 ACCT 310V Spring Accounting Internship 3 ACCT 410V Special Topics in Accounting 3 ACCT 4003H Honors Accounting Colloquium 3 ISYS 2263 Introduction to Information Systems 3 WCOB 4213 ERP Fundamentals 3 Walton College Study Abroad Course 3 Junior- senior-level electives within Walton College 12 Maximum of 30 hours of ACCT courses in department (core, major, elective). More than 30 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. Total Walton College Requirements 60 Total Degree Requirements 126 NOTE: Selection of electives should be made in consultation with academic advisers. Students planning on taking professional examinations should ascertain course requirements by examining authorities. Successful completion of a Master of Accountancy Degree from the University of Arkansas will qualify a student to take the CPA examination in Arkansas. B.S.B.A. graduates would need additional accounting hours and other courses amounting to a total of 150 semester hours to sit for the CPA exam in Arkansas. Accounting B.S.B.A. Eight-Semester Degree Program: Students wishing to follow the eight-semester degree plan should see page 41 in the Academic Regulations chapter for university requirements of the program. courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. 1 WCOB 1111 Freshman Business Connection 3 ENGL 1023 Composition II - University Core 3 ECON 2013 Macroeconomics ** - University Core 3 3 Select ONE of the following: 18 Semester Hours 3 ACCT 2013 Accounting Principles 3 ACCT 3723 Intermediate Accounting I 3 ACCT 3613 Managerial Uses of Accounting Information 3 ACCT 3533 Accounting Technology 3 ACCT 3753 Intermediate Accounting II 3 ACCT 3843 Fundamentals of Taxation 4 General Education Elective 3 ACCT 4673 Production Project and Service Costing 3 ACCT 4963 Audit and Assurance Services s s 3 Choose a total of three credit hours from any of the courses below: ACCT 310V Accounting Internship ACCT 410V Special Topics ACCT 4003H Honors Accounting Colloquium WCOB 4213 ERP Fundamentals ISYS 2263 Introduction to Information Systems 3 credit hours of WCOB Study Abroad Accounting Minor for Business Students The Department of Accounting offers a minor for Walton College students desiring more knowledge of accounting to assist them in their business careers. The minor requires the completion of 15 specific hours of study with all of the courses applied toward the minor taken in residence. The 15 hours include the following courses: ACCT 2013 Accounting Principles ACCT 3533 Accounting Technology ACCT 3613 Managerial Uses of Accounting Information ACCT 3723 Intermediate Accounting I ACCT 3843 Fundamentals of Taxation Students who desire to earn an Accounting minor must notify the Walton College Undergraduate Programs Office of intent to pursue a minor. All requirements for the minor must be completed prior to the awarding of the student s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All upper level minor requirements must be taken in residence. B.S.B.A./M.Acc.: Integrated Program The integrated program to the Master of Accountancy is a five-year program of undergraduate and graduate coursework that allows outstanding students to earn the B.S.B.A. and the Master of Accountancy (M.Acc.) degrees at the same time. The professional curriculum, which usually begins in the student s junior year, includes specially designed accounting courses taught in relatively small classes by full-time faculty members. Students accepted into the integrated degree program may concurrently enroll in undergraduate and graduate level courses. Because M.Acc. graduates are expected to become leaders in the accounting profession, highly motivated students with the personal qualities and intellectual capacity to establish successful careers in public accounting, industry, not-for-profit organizations, and higher education are encouraged to apply. Admission Students are admitted to the integrated program according to the following University of Arkansas, Fayetteville The YOU of A 215

14 requirements. Admission is granted only for the fall semester; July 1 is the application deadline for those who wish to begin the integrated program the following fall. Students interested in this program must have completed 90 credit hours of study towards the baccalaureate degree (including ACCT 2013, ACCT 3533, ACCT 3613, ACCT 3723) by the July 1 deadline: Acceptance into the integrated program is based upon the discretion of the admissions committee. The committee considers the overall quality of the applications including the overall grade point average, the grades in ACCT 2013, ACCT 3533, ACCT 3613, ACCT 3723 and the Graduate Management Admission Test (GMAT), as well as other relevant examples of academic ability and leadership. To receive serious consideration by the admissions committee, a student should have a minimum GPA of 3.0 within the applicant s overall university and accounting coursework. Due to the demand for seats in the program, the admissions committee selectively restricts admission into the program based upon the availability of instructional resources. Students must complete at least two long-session semesters in residence in the M.Acc. program. Transfer students will be handled on a case-by-case basis. Satisfactory Progress Students are expected to make continuous progress toward the degree by completing required accounting coursework each semester. Students who fail to meet the requirements for the M.Acc. program must choose another major of study or finalize their B.S.B.A. in Accounting. Students will be notified before this action is taken and should meet with an academic advisor in the Undergraduate Programs Office upon notification. Probation A student is placed on probation if his or her grade point average in core undergraduate accounting courses falls below Except with the consent of the M.Acc. Program Director a student on probation may not take graduate accounting courses. Graduation To receive an integrated B.S.B.A/M.Acc. degree, a student must have a grade point average of at least 3.00 in all coursework taken as part of the minimum thirty hour M.Acc. degree. He or she must also have a grade point average in graduate accounting coursework of at least Degree Requirements The requirements of B.S.B.A./M.Acc. Integrated program are: 1. Undergraduate coursework a. Complete the requirements for the B.S.B.A. degree requirements and Accounting Major Requirements detailed above. b. Students are strongly encouraged, but not required, to participate in an accounting internship, ACCT 310V. 2. Graduate coursework Students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting will be required to complete 30 semester hours of course work beyond the baccalaureate degree, at least 21 semester hours of which must be in courses reserved exclusively for graduate students.. All students must be enrolled for a minimum of 12 hours during consecutive fall/spring semesters. The student must be in residence a minimum of 24 weeks (see residency requirements of the Master of Arts/Master of Science). A minimum of 18 semester hours of accounting are required, 12 hours of which are specified: ACCT 5413 Advanced Financial Accounting ACCT 5433 Fraud Prevention and Detection ACCT 5953 Auditing Standards ACCT 5873 Advanced Taxation A minimum of six semester hours of the student s graduate program must be non-accounting electives. The M.Acc. degree program does not require a thesis. Successful completion of integrated B.S.B.A/M.Acc program from the University of Arkansas will qualify a student to take relevant professional examinations. For further information, write to the M.Acc. Adviser, Department of Accounting, Walton College of Business, University of Arkansas, Fayetteville, AR or contact the Graduate School of Business at See Page 308 for Accounting (ACCT) courses See Page 325 for Business Law (BLAW) courses. ECONOMICS (ECON) Gary D. Ferrier Department Chair, 402 WCOB, ECON (3266) FACULTY Lewis E. Epley Jr. Professorship in Economics and University Professor Ferrier University Professors Britton, Gay Margaret Gerig and R.S. Martin, Jr. Chair in Business and Professor Farmer Professors Curington, Deck, Dixon, Horowitz, Ziegler ConocoPhillips Chair in International Economics and Business and Associate Professor Kali Associate Professors Mendez, Reyes Assistant Professors Civelli, Gu, Hao, Jahedi Clinical Associate Professor Stapp Clinical Assistant Professor Embaye Instructor Jensen (S.) The department of economics offers two concentrations within the business economics major: 1) business economics 2) international economics and business. The concentration in business economics is intended for those students who are interested primarily in business, but at the same time have a desire to understand the more advanced tools of economic analysis. Such a background is excellent preparation for careers in corporate research and planning, as well as careers with government and regulatory agencies, for graduate study in business and economics, and for law school. Students who want to pursue an advanced degree in business economics can, with appropriate planning, complete a master s degree at the University of Arkansas within 12 months after receiving a B.S.B.A. degree. Please see the economics department chair for more information. The international economics and business concentration is intended for students who wish to learn more about the international aspects of economics and business. It provides preparation for a broad range of careers in business, including management, marketing, and finance. It is strongly recommended that economics majors who plan to continue their studies at the graduate level take at least two semesters of calculus (MATH 2554 and MATH 2564) and linear algebra (MATH 3083). These courses will substitute for the math courses required within Walton College core (MATH 2043 and MATH 2053). Business Economics Concentration The major in Business Economics requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a WCOB major or discipline field of study (i.e., core, major, electives) unless the extra courses are part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. The courses required for the business economics concentration include those required in Walton College and Fulbright College. In addition, 15 hours of specified courses (listed below) are required: Complete the requirements for a B.S.B.A. degree Hours as listed on page 208. Total General Education 60 Walton College Core Requirements (See page 206) 33 Course Requirements in the concentration 24 ECON 3033 Microeconomic Theory 3 ECON 3133 Macroeconomic Theory 3 ECON 4333 Economics of Organizations 3 ECON 4743 Intro. to Econometrics, or ECON Forecasting Nine hours of ECON 3000/ The YOU of A University of Arkansas, Fayetteville

15 Collateral Course (may be selected from MATH 2603, MATH , MATH 2574, AGEC 3413, AGEC 5133, GEOG 3353, and any upper division course in ACCT, FINN, ISYS, MGMT, MKTG, MATH, and STAT) Junior- senior-level electives within Walton College 15 Maximum of 27 hours of ECON courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. Total Walton College Requirements 60 Total Degree Requirements 126 International Economics and Business Concentration The major in International Economics requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a Walton College of Business major or discipline field of study (i.e., core, major, electives) unless the extra course is part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. The courses required for the international economics and business concentration include those required in Walton College and Fulbright College. In addition, 24 hours of economics and business courses, six hours of a single foreign language at the intermediate level or above, and three hours at the upper-division level in business communications, or equivalent, in the same foreign language are specified, and nine hours of upper division courses in the Fulbright College in an area of study related to the foreign language studied. Complete the requirements for a B.S.B.A. degree Hours as listed on page 208. University Core 35 Additional University Core 9 Walton College Core Requirements (See page 206) 33 Course Requirements in the concentration 24 ECON 3033 Microeconomic Theory 3 ECON 3133 Macroeconomic Theory 3 ECON 4633 International Trade 3 ECON 4643 International Macroeconomics and Finance 3 ECON Electives or Collateral Courses 6 Select two classes (six hours) from the following: 6 FINN 3703 International Finance MGMT 4583 International Management MKTG 4633 Global Marketing SPCM 3643 International Transportation and Logistics ECON 3853 Emerging Markets ECON 3843 Economic Development, World Bank, and Multilateral Finance ECON 3933 The Japanese Economic System Other courses may fulfill this requirement as approved by the economics department chair Foreign Language Requirements 9 Students whose native language is English or whose native language is not taught at the University of Arkansas must complete nine hours of university course work in a single foreign language six hours of intermediate language and three hours of upper-division course work in communications and business language, or equivalent. Students who, on the basis of prior knowledge of language, omit one or both courses in the intermediate language sequence at 2003 and 2013 level may receive degree credit for omitted courses if they validate their higher placement by passing the business language course (or equivalent) with a grade of C or above. Students with no previous foreign language training or only rudimentary knowledge of a foreign language will be required to complete up to six hours of elementary language at 1003 and 1013 level in addition to the nine hours of language specified above. Students may select one of the following language tracks: Arabic ARAB 2013, ARAB 2016, ARAB 3016 or equivalent Chinese CHIN 2003, CHIN 2013, CHIN 3033, and any other upper division CHIN French FREN 2003, FREN 2013, FREN 4333, FREN 3033 or FREN 3003 German GERM 2003, GERM 2013, GERM 3003, and GERM 4333 Italian ITAL 2003, ITAL 2013, ITAL 3003, and ITAL 3013 Japanese JAPN 2003, JAPN 2013, JAPN 3003, and JAPN 3013 Spanish SPAN 2003, SPAN 2013, SPAN 3003, and SPAN 4333 Students whose native language is not English but is taught at the University of Arkansas must select a third language from the list above, or substitute six hours of upper-division English language courses (i.e., speech, writing, or U.S. literature), to be selected with the consent of the department chair. Those students whose native language is not taught at the University of Arkansas will normally be required to select a third language. Area Studies Requirements Hours For students taking a foreign language, nine hours of upper-division 9 course work in the J. William Fulbright College of Arts and Sciences are required. Domestic students can satisfy this requirement in one of three ways: 1) any upper division foreign language course, 2) minor in a foreign language, and/or 3) select upper division courses related to the foreign language to include: Arabic any upper division course for Middle Eastern Studies (MEST) to include MEST 4003, MEST 4003H or additional courses listed under MEST in the university catalog. Chinese/Japanese/Asian Studies any upper division course for Asian Studies (AIST) French any upper division course for EUST German any upper division course for EUST Italian any upper division course for EUST Spanish any upper division course for Latin American Studies (LAST) or European Studies (EUST) to include LAST 4003, LAST 4003H, or additional courses listed under LAST in the university catalog, or EUST 399VH, EUST 4003, EUST 4003H, EUST 470V, or EUST 470VH or additional courses listed under EUST in the University catalog. International students may satisfy this requirement in one of two ways: 1) For students who choose to take a third language, area studies requirements are the same as those for domestic students. 2) For students who choose to take six hours of upper division English to satisfy their language requirement, 9 hours of upper division course work in the J. William Fulbright College of Arts and Sciences pertaining to the United States to include any upper division course for American Studies (AMST) listed in the university catalog. Junior- senior-level electives within Walton College 13 Maximum of 27 hours of ECON courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. General Education Electives 7 Total Degree Requirements 126 (Total is more than the sum of the categories because some courses count for multiple requirements.) Economics B.S.B.A. with Business Economics Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see page 41 in the Academic Regulations chapter for university requirements of the program. course are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. University of Arkansas, Fayetteville The YOU of A 217

19 3 FINN 3013 Financial Analysis 3 FINN 3103 Financial Modeling 3 FINN 3053 Financial Markets and Institutions 3 Finance or Interdisciplinary Elective 7 General Education Electives 3 Finance Option Class*** 3 FINN 3703 International Finance 3 Finance or interdisciplinary elective 3 Finance option class*** *** If student selects Option 2 (FINN 4143 and 4153) under the Financial Management concentration, they must take ACCT 2013 as a junior senior business elective in Spring of their sophomore year, ACCT 3723 as a junior senior business elective in Fall of their junior year, and FINN 3063 as either a junior senior business elective or a finance/interdisciplinary elective in Spring of their junior year. If student selects Option 3 (FINN 4163 and 4173) they must take FINN 3063 as either a junior senior business elective or a finance/interdisciplinary elective in their junior year. Finance B.S.B.A. with Insurance Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see page 41 in the Academic Regulations chapter for university requirements of the program. courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. 3 ENGL 1023 Composition II University Core 3 ECON 2013 Macroeconomics ** University Core 6 Select TWO of the following: 18 Semester Hours 3 FINN 3013 Financial Analysis 3 FINN 3623 Risk Management 4 General Education Electives 3 FINN 3053 Financial Markets and Institutions 3 FINN 4833 Property and Casualty Insurance I 3 FINN 3703 International Finance 3 FINN 4733 Life and Health Insurance I 6 Finance or Interdisciplinary Electives Finance B.S.B.A. with Personal Financial Management Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see page 41 in the Academic Regulations chapter for university requirements of the program. courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. 3 ENGL 1023 Composition II University Core University of Arkansas, Fayetteville The YOU of A 221

20 3 ECON 2013 Macroeconomics ** - University Core 3 3 Select ONE of the following: 18 Semester Hours 3 ACCT 2013 Accounting Principles 3 ACCT 3723 Intermediate Accounting I (Jr Sr Business elective) 3 FINN 3003 Personal Financial Management 3 FINN 3013 Financial Analysis 3 ACCT 3843 Fundamentals of Taxation (Jr Sr Business Elective) 3 FINN 3063 Principles of Investments 3 FINN 3623 Risk Management 3 FINN 3703 International Finance 3 FINN 4733 Life and Health Insurance 4 General Education Electives 3 FINN 3053 Financial Markets and Institutions 3 FINN 4013 Seminar in Financial Planning *** If a student selects Concentration V under Personal Financial Management, they must take ACCT 2013 as a junior/senior business elective in Spring of their sophomore year and ACCT 3723 in the Fall of their junior year. Finance B.S.B.A. with Real Estate Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see page 41 in the Academic Regulations chapter for university requirements of the program. courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. 3 ENGL 1023 Composition II - University Core 3 ECON 2013 Macroeconomics ** - University Core 6 Select TWO of the following: 18 Semester Hours 3 FINN 3013 Financial Analysis 3 FINN 3933 Real Estate Principles 4 General Education Electives 3 FINN 3053 Financial Markets and Institutions 3 FINN 4433 Real Estate Finance 3 FINN 3703 International Finance 3 FINN 4413 Real Estate Investment and Appraisal 6 Finance or Interdisciplinary Elective 126 Semester hours Finance Minors for Business Students The Department of Finance offers two minor options for Walton College students in the areas of Banking/Financial Management/ Investment and Insurance/Real Estate. The minors require completion of 15 hours of study with all of the courses applied toward the minor taken in residence. The 15 hours include the following options and courses: 1. Banking/Financial Management/Investment Hours FINN 3013 Financial Analysis and Valuation The YOU of A University of Arkansas, Fayetteville

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